Molina Healthcare, Inc. announced that at its AGM held on May 1, 2013, the shareholders approved an amendment to Certificate of Incorporation to increase the number of authorized shares of common stock from 80,000,000 to 150,000,000.

Molina Healthcare, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue was $1,590.59 million against $1,373.59 million a year ago. Operating income was $67.09 million against $33.42 million a year ago. Income before income taxes was $54.18 million against $29.12 million a year ago. Net income was $29.9 million against $18.09 million a year ago. Diluted earnings per share were $0.64 against $0.39 a year ago. Net cash provided by operating activities was $20.104 million against $50.575 million a year ago. The decrease in cash provided by operating activities was primarily due to the changes in deferred revenue and medical claims and benefits payable, partially offset by the change in accounts receivable. Purchases of equipment were $11.167 million against $13.505 million a year ago. Purchases of investments were $76.012 million against $88.199 million a year ago. EBITDA was $89.021 million against $51.759 million a year ago. The company is revising its previously issued guidance of $1.45 to reflect updated anticipated earnings per diluted share of $1.55 for fiscal year 2013. Core operations are performing better than previously anticipated.

Molina Healthcare, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 25, 2013